SHIB shows bullish signs as it forms a triangle near strong support.
Ethereum’s strength could trigger SHIB’s breakout toward the $0.00015 target.
Meme Season Index rising slowly, hinting at renewed interest in meme tokens.
Shiba Inu’s SHIB isn't sleeping anymore. The meme token has started twitching—and traders are watching closely. One sharp move from Ethereum, and SHIB could catch fire. The price just bounced off a key support level, and some indicators suggest something bigger is brewing. While not every signal screams “blastoff,” there’s enough tension building in SHIB’s chart to make things interesting. Let’s dig into what the data actually says for July and August.
https://twitter.com/ShibalnuNews/status/1944395904338772210?t=ApP-K2r0fjwvB2gmp-i1yw&s=19 SHIB is Following Ethereum’s Footsteps
SHIB lives on Ethereum Network, so Ethereum’s strength matters. Whenever Ethereum rallies, SHIB usually trails slightly behind, then leaps forward. We’ve seen this dance before. Ethereum moves first. SHIB hesitates. Then it jumps. Three similar patterns are forming again. Ethereum has already surged twice. The third wave could bring SHIB along for the ride. If Ethereum keeps pushing up, SHIB may not stay quiet much longer. We’re also seeing support for this idea in Ethereum’s derivatives data. The heatmap shows some selling, but it’s soft. No panic yet. That suggests Ethereum has more gas in the tank—and SHIB could benefit.
SHIB Price Pattern Hints at Breakout
Right now, SHIB trades around $0.00001299. That’s right above a major support zone. More importantly, the token has started flashing bullish divergence signals. This is often the first whisper before a price reversal. Zoom into the chart, and you’ll spot a large triangle formation. Resistance sits at $0.000023. Reaching this level wouldn’t be a stretch—especially if Ethereum keeps grinding upward.
But the real question is what will happen after the breakout. If SHIB pierces that resistance, the next logical target sits near $0.00015. That’s nearly a 10x move from current levels. This isn’t just a rally. That would be a moonshot. We’re not there yet. But the triangle tightens. The pressure builds. Like a coiled spring, SHIB looks ready.
The Meme Season Index also matters. It tracks whether meme coins outperform the rest of the market. That index sits at 40 right now. Not great. Not terrible either. At 50, things change. Above 60? That’s meme mania territory. Still, the index has started climbing. Early signs of life in the meme coin world often show up here first. SHIB doesn’t need full hype mode to move—it just needs attention.
The next few weeks could set the tone for SHIB’s summer. If Ethereum surges, SHIB might ride the wave. If meme interest keeps rising, that triangle could explode. However, the massive move to $0.00015 might not arrive just yet. Think of July and August as the build-up. Momentum could increase, but fireworks might take time.
SHIB seems like thunder rumbling in the distance—not here yet, but definitely coming. Patience might be the biggest play. The chart structure looks healthy. Support remains firm. Momentum builds quietly. If everything aligns—Ethereum, meme attention, price structure—we could see a breakout that silences every skeptic.
